• SCT&E LNG Announces Fourth MOU for LNG Sales
  • April 7, 2016
  • Law Firm: Eversheds Sutherland (US) LLP - Washington Office
  • SCT&E LNG, Inc. announced today that it has signed a fourth non-binding Memorandum of Understanding (MOU) for the sale of LNG from its proposed liquefaction and LNG export terminal on Monkey Island in Cameron Parish, La. The announcement does not name the counterparty but states that “[t]his multi-billion dollar agreement was signed with a reputable Asian energy company that owns and operates an LNG import terminal and has plans to construct additional terminals.” According to the announcement, the “new agreement, combined with previously signed MOUs, brings the company’s total offtake agreements up to 4.7 [million tons per annum]” (mtpa) of the proposed 12 mtpa LNG capacity of the facility.